On Wed, 12 Dec 2007 07:11:38 -0800 (PST), Chuck Gould
wrote:
If present trends continue, the Arctic will be ice free during the
summer months as early as 2012. Nowhere did NASA, the AP, or I insist
that you sell your big block pickup truck and take up driving a Prius
instead. :-)
Wnat to know what this is all about Chuck?
Here 'ya go.
http://investor.nymex.com/releasedet...leaseID=281322
"The broad slate of new environmental products will perfectly
complement NYMEX's energy complex, enabling The Green Exchange
customers to efficiently manage the cost of reducing their 'carbon
footprint.' The Green Exchange expects to focus on both global and
regional compliance trading while also building liquidity and demand
for the highest quality voluntary standards in the market. Underlying
all this will be the ability for all market participants to manage
risk and take positions in environmental derivatives markets."
"Initially, The Green Exchange intends to offer trading in global
carbon-based contracts, such as carbon allowances (EUAs) under the
European Union Emissions Trading Scheme, carbon credits (CERs) under
the U.N. Clean Development Mechanism, and verified greenhouse gas
emission reductions (VERs/VCUs) used in accordance with voluntary
carbon standards. The Green Exchange will also offer contracts for
U.S. SO2 and NOx emissions allowance trading programs, as well as
contracts for national Green-e™ certified voluntary renewable energy
certificates (RECs)."
There it is - it's all about making money. The more dire warnings and
other "climate change" bull****, the more money is to be made.
And guess who's going to take it right in the wallet - you, me and
other stiffs who will be paying for it in the end.